EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in EverQuote, Inc. (NASDAQ:EVER – Get Rating) by 71.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,428 shares of the company’s stock after selling 393,435 shares during the quarter. Federated Hermes Inc.’s holdings in EverQuote were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of EVER. Advisor Group Holdings Inc. raised its holdings in EverQuote by 398.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after buying an additional 2,392 shares during the period. Ensign Peak Advisors Inc acquired a new stake in EverQuote during the 1st quarter worth about $80,000. Allspring Global Investments Holdings LLC raised its holdings in EverQuote by 588.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,895 shares of the company’s stock worth $47,000 after buying an additional 5,893 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of EverQuote by 246.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the company’s stock valued at $69,000 after purchasing an additional 5,592 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of EverQuote in the 1st quarter valued at about $129,000. 51.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EverQuote news, CFO John Brandon Wagner sold 12,000 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $16.00, for a total transaction of $192,000.00. Following the completion of the transaction, the chief financial officer now directly owns 290,824 shares in the company, valued at $4,653,184. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 45,098 shares of company stock worth $714,235 over the last three months. 41.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on EverQuote from $15.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $21.00 price objective on shares of EverQuote in a report on Tuesday, February 28th. B. Riley increased their price objective on EverQuote from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, February 28th. Finally, Oppenheimer increased their price objective on EverQuote from $8.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, January 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

EverQuote Price Performance

EverQuote stock opened at $13.11 on Tuesday. The stock has a fifty day moving average price of $15.49 and a two-hundred day moving average price of $11.38. EverQuote, Inc. has a 52-week low of $5.23 and a 52-week high of $18.86. The firm has a market capitalization of $427.52 million, a P/E ratio of -17.03 and a beta of 1.24.

EverQuote Company Profile

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EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.